Entrepreneurship is the recognition of unmet needs in
society and a plan to capitalize on the opportunity that need creates. In daily life this translates to being curious
about why systems operate in the manner that they do. From this understanding
variables/product offering can be adjusted such that changes in behavior can be
observed. From this fast feedback a product/service that delights consumers can
be constructed.
Tom Davidson Co-Founder & CEO of EVERFI: He is a graduate
of Bowdoin College and was a Main politician prior to starting EVERFI. EVERFI
seeks to disrupt the K-12 education space.
Brilliantly Tom finds the social entrepreneur label reductive.
Tom realized that financial institutions had a statutory obligation to educate communities
about financial literacy. In this way a third party payer would provide funding
to help k-12 students. EVERFI succeeds by conforming to fit existing educational
mandates and by providing top notch, interactive, tailored, digital learning
tools.
One of the key rolls the city plays in the life of its citizens
is providing education. A significant number of children fail out of this
system. Cities/government are left with underemployed unskilled citizens. This
cycle of failure has perpetuated in the modern era. The status quo sees failed
students (mostly male) become wards of the state as inmates. This is morally
wrong and disastrously expensive. EVERFI can tailor a curriculum using advanced
software that stretches each individual to his or her full potential.
